4//SEC Filing
EMERSON RADIO CORP 4
Accession 0000899243-16-028997
$MSNCIK 0000032621operating
Filed
Sep 13, 8:00 PM ET
Accepted
Sep 14, 7:34 PM ET
Size
12.8 KB
Accession
0000899243-16-028997
Insider Transaction Report
Form 4
Accolade (PTC) Inc.
10% Owner
Transactions
- Other
Common Stock, $0.01 par value per share
2016-07-27+0→ 15,243,283 total(indirect: See Footnotes) - Other
Common Stock, $0.01 par value per share
2016-06-28+0→ 15,243,283 total(indirect: See Footnotes) - Other
Common Stock, $0.01 par value per share
2016-08-15+0→ 15,243,283 total(indirect: See Footnotes)
Ho Family Trust
10% Owner
Transactions
- Other
Common Stock, $0.01 par value per share
2016-08-15+0→ 15,243,283 total(indirect: See Footnotes) - Other
Common Stock, $0.01 par value per share
2016-06-28+0→ 15,243,283 total(indirect: See Footnotes) - Other
Common Stock, $0.01 par value per share
2016-07-27+0→ 15,243,283 total(indirect: See Footnotes)
Footnotes (3)
- [F1]The shares of issuer are owned directly by S&T International Distribution Ltd., which is a wholly owned subsidiary of Grande N.A.K.S. Ltd., which is a wholly owned subsidiary of The Grande Holdings Limited. On June 28, 2016, Barrican Investments Corporation acquired McVitie Capital Limited. McVitie Capital Limited held on that date, and continues to hold as of the date of this filing, approximately 1.275% of The Grande Holdings Limited. Barrican Investments Corporation is a wholly owned subsidiary of Airwave Capital Limited, which is a wholly owned subsidiary of The Ho Family Trust Limited, which is a wholly owned subsidiary of the Ho Family Trust. Accolade (PTC) Inc. is the trustee of the Ho Family Trust.
- [F2](Continued from Footnote 1) As a result of the acquisition of McVitie Capital Limited by Barrican Investments Corporation, the Ho Family Trust's pecuniary interest in the shares of issuer increased. On July 27, 2016 and August 15, 2016, Mr. Christopher Ho inherited 5,738,016 shares and 700,000 shares, respectively, of The Grande Holdings Limited, constituting approximately 0.12% in the aggregate of The Grande Holdings Limited. On the respective dates of inheritance, Mr. Christopher Ho transferred to Barrican Investments Corporation all such inherited shares of The Grande Holdings Limited. As a result of such transfers, the Ho Family Trust's pecuniary interest in the shares of issuer increased.
- [F3](Continued from Footnote 2) Accolade (PTC) Inc. disclaims any pecuniary interest in the shares owned by S&T International Distribution Ltd. Mr. Ho is a discretionary beneficiary of the Ho Family Trust, Chief Executive Officer of The Ho Family Trust Limited and the Chairman of the Board of issuer and may be deemed to share beneficial ownership of the shares owned by S&T International Distribution Ltd. Mr. Ho disclaims beneficial ownership of the shares owned by S&T International Distribution Ltd. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, Mr. Ho is the beneficial owner of equity securities described in this statement as indirectly owned.
Documents
Issuer
EMERSON RADIO CORP
CIK 0000032621
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000032621
Filing Metadata
- Form type
- 4
- Filed
- Sep 13, 8:00 PM ET
- Accepted
- Sep 14, 7:34 PM ET
- Size
- 12.8 KB